UK house price growth picks up unexpectedly in February: Nationwide

FILE PHOTO: Houses are seen painted in various colours in a residential street in London, Britain, May 15, 2019. REUTERS/Toby Melville

LONDON (Reuters) – British house price growth picked up unexpectedly last month, rising to 6.9% in annual terms from 6.4% in January, mortgage lender Nationwide said on Tuesday.

In February alone, prices rose 0.7%, more than reversing a 0.2% decline in January. A Reuters poll of economists had pointed to a 0.3% drop in February.

Source: Read Full Article